Invesco Trust for Investment Grade Municipals (NYSE:VGM) Sees Significant Increase in Short Interest

Invesco Trust for Investment Grade Municipals (NYSE:VGM – Get Rating) saw a large increase in short interest in May. As of May 15th, there was short interest totalling 22,400 shares, an increase of 474.4% from the April 30th total of 3,900 shares. Based on an average daily trading volume, of 98,600 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On Invesco Trust for Investment Grade Municipals

A number of hedge funds have recently bought and sold shares of the stock. Cetera Investment Advisers grew its stake in Invesco Trust for Investment Grade Municipals by 11.3% during the 1st quarter. Cetera Investment Advisers now owns 11,270 shares of the investment management company’s stock worth $112,000 after buying an additional 1,148 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Invesco Trust for Investment Grade Municipals by 1.6% in the 1st quarter. First Trust Advisors LP now owns 113,085 shares of the investment management company’s stock valued at $1,314,000 after purchasing an additional 1,770 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of Invesco Trust for Investment Grade Municipals by 2.9% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 69,421 shares of the investment management company’s stock valued at $807,000 after purchasing an additional 1,938 shares during the last quarter. BOKF NA grew its stake in shares of Invesco Trust for Investment Grade Municipals by 2.1% in the 1st quarter. BOKF NA now owns 99,000 shares of the investment management company’s stock valued at $984,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Melone Private Wealth LLC grew its stake in shares of Invesco Trust for Investment Grade Municipals by 1.1% in the 1st quarter. Melone Private Wealth LLC now owns 179,193 shares of the investment management company’s stock valued at $1,797,000 after purchasing an additional 2,035 shares during the last quarter. Institutional investors and hedge funds own 23.63% of the company’s stock.

Invesco Trust for Investment Grade Municipals Price Performance

VGM traded up $0.06 during mid-day trading on Friday, hitting $9.48. 40,600 shares of the stock were exchanged, compared to its average volume of 103,941. The firm’s fifty day moving average is $9.76 and its two-hundred day moving average is $9.88. Invesco Trust for Investment Grade Municipals has a 1-year low of $9.00 and a 1-year high of $11.20.

Invesco Trust for Investment Grade Municipals Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, May 31st. Shareholders of record on Monday, May 15th will be given a $0.0361 dividend. This represents a $0.43 dividend on an annualized basis and a yield of 4.57%. The ex-dividend date of this dividend is Friday, May 12th.

About Invesco Trust for Investment Grade Municipals

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Invesco Trust For Investment Grade Municipals is a closed-end management investment company. Its investment objective is to provide common shareholders with a high level of current income exempt from federal income taxes, consistent with preservation of capital. The company was founded on January 24, 1992 and is headquartered in Atlanta, GA.